In an expected announcement, the RBI today cut the Repo Rate further by 25 bps, a bit lower than the Street's expectations. This was the fifth consecutive rate cut by the Central Bank in a bid to tackle the slowdown India currently faces.This takes the rate cut tally to a total of 135 bps, which... Continue Reading →
GDP Slowdown?
In yet another blow to the economy, the GDP growth rate for the second quarter of 2019 clocked in at 5 % which was way below the already low expectations of 5.6 – 5.8%. This has been the 6th straight QoQ fall in the GDP Growth Rate after its peak of 8% in January 2018.... Continue Reading →
